Free Charging Sessions Surge by 300% in a Year
- Tesco installs EV chargers at 500 stores nationwide
- Usage over the chargers has surged by 300% in a year
- Free charging sessions increased to more than two million
- Network includes 1,000 chargers with 100 rapid chargers
- Provided 41 million miles of free electric driving since launch
- Equivalent to travelling from Earth to the moon and back 85 times in CO2 savings
- Tesco aims for carbon neutrality by 2035
- UK Government commits £2.5bn to EV infrastructure
Tesco has expanded its free electric vehicle (EV) charging network to 500 stores across the UK, with Inverness Extra marking the 500th store. Usage of the chargers has increased by 300% since April 2021, reaching over two million free charging sessions. The network now includes more than 1,000 chargers, including 100 rapid chargers in locations like Southend-on-Sea, Bolton, Wirral, and Port Talbot. Since launching with Volkswagen and Pod Point in 2019, Tesco’s charging points have offered 41 million miles of free electric driving, equivalent to traveling from Earth to the moon and back 85 times while saving 8,786 tonnes of CO2. The company aims for carbon neutrality by 2035. UK Transport Minister Trudy Harrison praised Tesco’s efforts and announced a £2.5bn commitment to electric vehicle infrastructure.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Tesco’s expansion of its free electric vehicle charging network, the increase in usage over the past year, and the environmental benefits of using renewable energy for charging. It also includes quotes from relevant sources such as Tesco CEO Jason Tarry and Transport minister Trudy Harrison.
Noise Level: 3
Noise Justification: The article provides relevant information about Tesco’s expansion of its free electric vehicle charging network and the positive impact on reducing CO2 emissions. It also includes quotes from Tesco CEO and a government minister supporting the switch to electric vehicles. However, it could provide more in-depth analysis or context on the broader implications of this development for the EV market and the UK’s transition towards cleaner transportation.
Financial Relevance: Yes
Financial Markets Impacted: Tesco’s expansion of its free electric vehicle charging network impacts Tesco’s reputation and potential customer attraction, which could affect the company’s financial performance.
Financial Rating Justification: The article discusses Tesco’s expansion of its EV charging network, which may impact the company’s financial performance by attracting more customers and potentially increasing sales. Additionally, it mentions Tesco’s commitment to carbon neutrality by 2035, which could influence investors’ perception of the company.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but the expansion of the electric vehicle charging network is a positive development for reducing carbon emissions and promoting sustainable transportation.
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